Do not overpay for the dollar. Why the Central Bank stopped replenishing reserves

Dmitry Mayorov believes that with oil at least $ 50 per barrel, the Central Bank will try not to raise the dollar above the mark of 60 rubles

The building of the Central Bank of the Russian Federation.

Reuters / Maxim Zmeyev

On May on May, two and a half months ago, the Central Bank quite unexpectedly stopped strengthening the ruble that threatened to break through the psychologically significant level of 50 rubles per dollar, and stated that after a long break, he began to buy currency in a reserve that was pretty losing weight during the collapse of oil prices and exacerbations of geopolitical tension in connection with the events in Ukraine. And until July 28, the purchase of currency continued almost without interruptions. And here is a new announcement of the Central Bank: it suspends the purchase of currency in the reserve.

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